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Trinity Real Estate Update:

78 homes sold during the same period last year which resulted in 34.6% increase in the number of homes sold and closed. Though it also resulted inan decrease in the median price from $188,500 to $185,000.

The number of closed home sales went up 15.4% since last month and resulted in higher median price from $170,000 to $185,000.

At the end of the month there were 305 homes available for sale in this area of Trinitywhich included 123 new home listings.

New home listings were up from 119 to 123 homes in contrast with same period last year and since last month from 96 to 123 homes.

Since 128 homes went under contract, it resulted in only 2.4 months of inventory of available homes for sale.

Number of homes that went under contract were up from 103 in October 2013 to 128 in October 2014. They were also up since last month from 127 to 128 homes.

The average days for a home that was on the market currently in this Trinity area is around 94 days which is higher than the last month and last year’s average.

Most of the homes in Trinity real estate sold were purchased with cash, FHA, VA and conventional financing.